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7-4. Solution: Postal Express a. $340,0001.15=$391,000 $391,00070%=$273,700 dollar value of real holdings b. $340,0001.12=$380,800 $380,800116%=$441,728 dollar value of real holdings 5. Average collection period (LO4)

7-4. Solution: Postal Express a. $340,0001.15=$391,000 $391,00070%=$273,700 dollar value of real holdings b. $340,0001.12=$380,800 $380,800116%=$441,728 dollar value of real holdings 5. Average collection period (LO4) Thompson Wood Products has credit sales of $2,160,000 and aceounts receivable of $288,000. Compute the value of the average collection period

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